5 Staffing Franchise Industry Trends You Should Know

Markets are not static, and businesses who refuse to adapt are quickly
left behind. Read on to learn about 5 staffing franchise industry trends
that could make or break your company!

The Staffing Industry Is One of America’s Fastest-Growing Industries

Though the Internet Era’s millennials like to tell us how quickly
the technology sector is growing, the truth is that the staffing industry
is booming. A recent study conducted by the Bureau of Labor Statistics
(BLS) found that the
employment services industry grew from 3.5-million jobs in 2004 to over
5-million in 2014. That’s nearly a 50% industry expansion over the course of a decade,
and its growing faster and faster every day.
Staffing franchise owners are seeing huge growth in profitability as the need for temporary staffing
services and flexible work arrangements continues to increase.

The Demand For Industrial Staffing Will Persist For Years To Come

The BLS found that the industrial staffing sector employs more than one-third
of all temporary and contracted employees. This trend will continue for
the foreseeable future. Manufacturing companies are always looking for
a dynamic industrial work force to “plug in” during seasonal
rushes. With this in mind, industrial staffing services will be a strong
focus for staffing franchise owners and job-seekers alike.

Unemployment Rates Will Recover Slowly

After two significant economic recessions in recent years, the job market
took a serious hit. Though the job market is slowly recovering, unemployment
rates remain high by historical standards. This is bad news for job-seekers,
but good news for those invested in a staffing franchise. The correlation
between unemployment and
staffing franchise opportunity boils down to the size of the labor pool. When there are less people locked
into full-time jobs, it means staffing franchises have more job-seeking
candidates to choose from. Additionally, recovery economies tend to prefer
temporary hiring to avoid the costs of benefits and the risk of employee
turnover leaving companies high-and-dry. This means that more staffing
franchise clients will be willing to hire on temporary workers, which
is great news both for your staffing franchise and your labor pool.

Workers Are Moving Away From Full-Time Positions

Experts are anticipating a huge paradigm shift in the working world as
more and more people move away from long-term positions with a single
company. Though full-time work does offer some benefits, it is increasingly
falling out of favor due to its inherent inflexibility and monotony. People
don’t want to commit their lives to a single company and spend years
walking into the same office to do the same work. Additionally, fewer
workers are planning to retire early, aiming instead to take time off
mid-career and “pace themselves” in this way through contract work.

Technology Is Making Some Jobs Obsolete, And Others More Important Than Ever

Technology has changed the workforce forever. Today, it is possible to
collaborate with someone on another continent in real-time, making the
idea of a “global workforce” a reality. While this has created
new jobs, many others have been made obsolete by robotics and manufacturing
technology. When planning for the future, job-seekers and staffing franchise
owners should look closely at wholly “human” jobs that cannot
be replaced by technology; senior care and medical staffing are two excellent
examples of jobs that will stand the test of time (and robotics!).